League Plan Big Changes
The Football League Chairman, Lord Mawhinney, has written a four page letter in answer to Culture Secretary, Andy Burnham's questions regarding football finances and the running of the game.
One of the things Lord Mawhinney wants to do is scrap the domestic transfer window and to slap a transfer ban on any club that falls behind on it's tax payments.
Speaking to the BBC, Lord Mawhinney said, 'We think the original idea was to regulate international player transfers. We are proposing there should be a distinction between domestic and international transfers.'
The proposals regarding the National Insurance and tax payments are aimed at improving relationships with HM Revenue and Customs. 'At our meeting next month,' Lord Mawhinney said, 'we will discuss an initiative which seeks to provide clubs with an incentive to keep up to date with payments to HMRC. If approved, clubs who fall behind will be embargoed from signing further players'
Mr Burnham has called for more consistency in financial regulations, more transparency and scrutiny of club ownership and debt levels as well as rule changes for clubs in insolvency; a reconsideration of rules forcing insolvent clubs to pay football debts first and a strengthening of the fit and proper persons test for club owners to which Lord Mawhinney said that the Football League would be happy to work with both The Football Association and the Premier League to see how these rules can be strengthened appropriately, including how they
might be applied prospectively.
Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.